Bulgaria, Romania, Croatia and Hungary are among more than a dozen EU countries opposing plans to favour electricity through taxation and common rules for grid charges. Governments want flexibility to set tariffs and taxes around domestic conditions.
Low-carbon electricity from Western Balkan renewable projects will not automatically qualify for actual-emissions treatment under the EU’s CBAM. The Energy Community Secretariat modelled €8.9 million in opportunity costs for a 130 MW wind project over six months if it had to sell locally instead of accessing higher-priced EU markets.
Serbian electricity exports to Hungary face narrower margins as existing EU carbon costs make emissions evidence and transaction details more important. A European Commission clarification covers the customs treatment of nominated electricity volumes and distinguishes imports from transit.
Western Balkan electricity trade with the European Union recovered from the second quarter but remained below year-earlier levels. Wider price spreads, weaker convergence and CBAM costs are complicating cross-border sales.
Analysis developed by Virtu.Energy
Electricity producers, traders and banks across Southeast Europe are facing a growing gap between prices available on neighbouring EU electricity exchanges and...
Romanian electricity for January 2027 has traded above €205/MWh, indicating that the country’s scarcity premium is being embedded months ahead into winter procurement. The...
The European Parliament has backed changes to the European Union’s Carbon Border Adjustment Mechanism (CBAM) that could reduce some of its most disruptive effects...
The second quarter of 2026 brought a partial easing of the disruption that followed the start of the definitive phase of the EU Carbon Border Adjustment...
BHP has issued termination notices for its Central Timok and Borsko exploration options in eastern Serbia, returning eight licences to Mundoro Capital when the notices take effect. The miner retains separate Trstenik and South Timok agreements, while Mundoro seeks partners to fund drilling on the returned licences.
Centerra Gold has agreed to buy 12.374 million newly issued Mundoro Capital shares for approximately C$4.08 million (€2.60 million), in a proposed placement that would give it a 9.9% stake. The funding would support Mundoro’s exploration and working capital as it seeks partners for projects in Serbia, but the deal has not closed.
Northstone Resources secured commitments for a share placement worth about EUR1.45 million to fund exploration at its Tlamino gold-silver and Timok East copper-gold projects in Serbia. The financing will support drilling and technical studies, not mine construction.
European Energy is evaluating a renewable-energy complex in Bulgaria’s Dobrich region, centred on a wind project of up to 1 GW. The concept also includes solar generation, battery storage and infrastructure for industrial users.
Croatian oil-pipeline operator JANAF halted crude transport on part of the Sisak-Slavonski Brod route after pipeline equipment was damaged near Prvca. The spill is estimated at 500 cubic metres.